Active

$750,000

Features:
  • 6 Bedrooms
  • 4 Bathrooms
  • 3308 sq ft
Overview
  • ID: MFRO6340188
  • Bedrooms: 6
  • Bathrooms: 4
  • Size: 3308 sq ft
Property Details
Remarks
Rare Quadplex Opportunity in the Heart of Downtown Orlando! This 4-unit property features immediate income and long-term value. A TURNKEY INCOME PROPERTY with a strong HISTORY OF STABLE TENANCY, supported by renovations and upgrades between 2020-2023, including FULL KITCHEN RENOVATIONS in 2 Units along with BATHROOM RENOVATIONS in 3 Units. Major system updates include NEWER ROOF (2020), HVAC SYSTEM (2021), and TANKLESS HOT WATER HEATERS in all four units. ELECTRICAL UPDATES were completed in 2020, and PLUMBING HOOKUPS FOR WASHER/DRYER were added to all units as well. Three units have WASHER + DRYER appliances included in the sale. 3 of 4 UNITS ARE OCCUPIED! Perhaps it’s your chance to LIVE IN ONE UNIT and CASH FLOW the other already-occupied units! The property is legally classified as a QUADRUPLEX and zoned R-3 MULTI-FAMILY, offering flexibility for FUTURE REDEVELOPMENT OR EXPANSION. Only 3 MILES TO DOWNTOWN ORLANDO. Residents enjoy a vibrant lifestyle surrounded by LAKE EOLA PARK, the DR. PHILLIPS CENTER FOR THE PERFORMING ARTS, and near the PACKING DISTRICT of COLLEGE PARK, and the eclectic MILLS 50 DISTRICT, known for its cultural festivals and Michelin star dining scene. Adding to its value, the location provides EXCELLENT TRANSIT CONNECTIVITY with nearby SUNRAIL and Lynx Bus system. This combination of RENOVATED UNITS, STRONG RENTAL DEMAND, and CENTRAL ORLANDO LOCATION makes this quadplex a rare find with both CASH FLOW and APPRECIATION POTENTIAL. Don’t miss this opportunity! Listing Photos showcase 2 of 4 units. More photos available upon scheduling. Please do not disturb or approach the tenants. All showings must be scheduled by appointment only.
Financial Considerations
Price:
$750,000
HOA Fee:
N/A
Tax Amount:
$9950
Price per SqFt:
$226.72
Tax Legal Description:
GREENBRIAR 1/39 LOT 24
Exterior Features
Lot Size:
10535
Lot Features:
Corner Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Driveway
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
4
Heating:
Central
Cooling:
Central Air
Appliances:
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Ceramic Tile
Levels:
Multi/Split
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1966
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Fence
Additional Features 2:
Buyer and Buyer's Agent's responsibility to verify leasing restrictions with the county.
Map
  • Address
    3059 MARTIN ST
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